Nomad Capital · 50

Axis Robotics closes $12 million seed round led by Hack VC

In comparison, Axis Robotics announced the completion of a $12 million seed round, led by Hack VC, Nomad Capital, Pi Core Team Ventures, 10K Ventures, and a number of angel investors. According to the introduction, Axis Robotics mainly targets the data requirements of physical AI and robot models, constructs a closed-loop data workflow through large-scale simulation, first-perspective real-world data collection, and post-training with human participation to achieve large-scale production of structured and diverse robot data. This round of funding will be used to accelerate the construction of a large-scale parallel global data engine with human participation. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

25d agoburnking#financing

Axis Robotics completes $12 million seed round led by Hack VC

According to The Block, Physical AI data engine company Axis Robotics completed a $12 million seed round, led by Hack VC, and Nomad Capital, Pi Network Ventures, and 10K Ventures. Axis plans to build a large-scale “human participation in the loop” global data engine to solve the problems of scarce robot training data, generalization difficulties, and different hardware adaptations. Its platform covers task generation, remote simulation, mobile Ego data collection, and automatic cleaning and labeling lines. Currently, it has over 100,000 active data contributors, can generate about 1,200 hours of simulation data and 20,000 hours of real scene data every month, and has reached commercial cooperation with many hardware and industrial customers such as Booster Robotics and Geely Auto. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

26d agoburnking#financing

Blockchain data infrastructure company Cambrian closes $6 million seed round led by Franklin Templeton and Polychain

In comparison, blockchain data infrastructure startup Cambrian completed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with the participation of Flow Traders, Selini Capital, Paper Ventures, and Nomad Capital. Cambrian also received $5.9 million in pre-seed funding led by a16z Crypto Startup Accelerator, with a cumulative funding amount of $11.9 million. According to reports, Cambrian was founded in 2024 and currently provides an API for institutions and AI agents, covering real-time and historical on-chain data such as earnings, risk, loan interest rates, trading activity, liquidity positions, and market sentiment to help users allocate capital on the chain. The company plans to expand the existing API into a verifiable blockchain data oracle network to serve institutional finance customers, AI agent builders, and protocols that require reliable data to control the flow of funds. Unlike traditional oracles that mainly provide price data, Cambrian wanted to aggregate lending agreement data, DEX liquidity, social sentiment, developer activity, and historical market data. According to Cambrian, its platform has processed millions of API calls, currently indexes the four major lending agreements about $4.5 billion in TVL, tracks 1,789 vaults under 895 curators, and monitors over 320,000 DEX liquidity pools on Base and Solana. The company also plans to expand transaction data support to include Hyperliquid and richer perpetual contract data.

59d ago#financing

Launchpad craze continues: high frequency overrecruitment, and the overall project still outperforms the zero point line

Author: Nancy, PanNews Original title: Four popular Launchpads compete: Oversubscribed frequently, and over 70% of projects are still positive, and a new wave of TGE is accelerating, along with the rapid rise of various innovative LaunchPad platforms. With unique mechanical design and diverse gameplay, these platforms provide investors with rich ways to participate, greatly invigorate the new ecosystem, and become a new outlet for retail investors to compete for money. As the new craze continues to heat up, there are many cases of high-value fund-raising, and participants are also receiving impressive returns several times or even tens of times higher. In this article, PanNews will review the new data and project performance of 4 popular new LaunchPad platforms (Buidlpad, Legion, MetaDAO, Metaplex Genesis) for players' reference (note: since Echo has not disclosed detailed data to the outside world, it is not included in the scope of this statistic). Overall, these platforms generally show characteristics such as high popularity, high first-day earnings, and strong short-term fluctuations. Judging from the scale of participation, market capital and user sentiment are still highly active. Projects on the four major platforms have generally been oversubscribed, and the number of individual project participants on individual platforms has surpassed hundreds of thousands; judging from earnings performance, the short-term returns of starting new projects are impressive. TGE's average daily revenue was about 4.5 times. Among them, BuidlPad and Metadao performed particularly well. The average increase on the first day was over 500%, and some star projects have even recorded four-digit increases; currently, there has been no significant withdrawal of funds. Since the launch of all new projects, the average revenue has been about 190.8%. Of these, more than 70% of projects have maintained positive returns, and about 30% of the projects still have more than doubled their revenue. BuidlPadBuidlPad was launched in December 2024 and can be used by KYC compliant users in unrestricted regions. Its founder is Erick Zhang, managing partner of Nomad Capital. He was the director of Binance Research and was responsible for the Binance Lanuchpad platform. Up to now, Buidlpad has launched 4 new projects. Judging from statistics, these projects are generally popular in the market, and the number of participants is over 100,000. Market popularity has also directly driven the project's subscription scale. The average oversubscription ratio is about 14.1 times. In particular, Falcon Finance's oversubscription ratio is as high as 28.2 times, setting a historical record for the Buidlpad platform. Judging from TGE's return for the day, the average return of participants was about 563.3%, and the overall earnings performance was very impressive. Falcon Finance, in particular, had a return of 1557.1% for the day, far surpassing other projects. Other projects such as Solayer, Lombard, and Sahara AI are just as profitable in the short term. Looking at the long-term timeline, the average return rate for these projects so far is 286.7%, which is mainly affected by the rising average of Falcon Finance's high yield, which has a short TGE cycle. With the exception of Falcon Finance, the long-term returns of other projects were significantly lower than TGE's daily earnings, but most remained positive. Overall, Buidlpad's new projects are generally popular, and the short-term wealth effect is obvious, but long-term returns are more dependent on the project's own development and market cycle influence. It is worth mentioning that BuidlPad recently launched a pre-TGE HODL staking campaign, and the first project is Momentum. The campaign aims to encourage users to earn high profits by providing liquidity, while increasing the qualifications and priorities for participating in new games on the Buidlpad platform, which also drives the TVL growth of the project. Legion ✖️ Kraken In September of this year, crypto exchange Kraken announced a partnership with IC0 platform Legion to launch a MICA-compliant token sales business on its newly launched Kraken Launch platform. Legion has received $7 million through two rounds of financing, and investment institutions include VanEck, Coinbase Ventures, Kraken, Delphi Digital, and Alliance. The platform mainly assesses user eligibility through the “Legion Score” system, which covers it. Dimensions such as social influence, on-chain activity, and developer activity yieldBasis are Legion and KRA...

306d agoLuxurytracy#launchpad

Sahara AI data service platform will open beta

Comparatively, Sahara AI announced an open beta version of its data service platform (DSP). As an open chain platform, DSP allows users to contribute to build high-quality, verifiable AI data sets and receive rewards. Users can complete special tasks supported by ecosystem partners to earn Sahara Points and partner rewards (such as tokens, points, etc.), and high-quality contributions can unlock higher rewards. Last August, Sahara AI, a decentralized AI blockchain platform, announced the completion of a $43 million funding round, led by Binance Labs, Pantera Capital, and Polychain Capital, Samsung, Jingwei Ventures, Thai Foreign Exchange Bank, Foresight Ventures, dao5, Alumni Ventures, Geekcartel, Nomad Capital, Mirana Ventures and others participated.

480d ago

ABCDE presses the pause button. What is the current state of survival of Chinese VCs?

Source: ChainCatcher Author: Nian Qing Recently, ABCDE Co-Founder Du Jun (Du Jun) officially published an article announcing that ABCDE Capital has stopped investing in new projects and suspended the second phase of the fund raising plan, and announced the launch of a new incubator product, Vernal. ABCDE has launched 19 times in the past year and isn't particularly conservative. Despite having plenty of ammunition, it still can't resist the current boring crypto market. After the FUD VC revolution began, Crypto VC began pressing the pause button under hell-level difficulty. Some chose not to take action and only keep core personnel to maintain post-investment services, and some VCs began to seek transformation to second-level investments, projects, incubators, and crypto marketing. Compared with European and American VCs in the same period, Asian VCs seem to be more conservative. ABCDE investment and research partner Lao Bai asked the question a month ago — why while we are “out of fire” in Asia, Europe and the US are still “firing”; why are they daring to pull the trigger in this valuation? In response to this, he speculates that the reasons may include different exit cycles, differences in investment decisions, and values, Asian VCs are more concerned about yield, and European and American peers are idealistic and long-term. Furthermore, according to investor data from the RootData platform, in terms of the number of launches in the past year, most VCs in Chinese-speaking regions have adopted a more conservative investment strategy, and the number of shots taken was less than 10. Of course, there are also leading venture capitals such as Animoca Brands, OKX Ventures, HashKey Capital, SNZ Holding, Waterdrip Capital, Mask Network, Nomad Capital, and NGC Ventures, which still maintain high-frequency transactions, and have launched more than 20 times in the past year. Although IOSG Ventures, Fenbushi Capital, SevenX Ventures, LongHash Ventures, PAKA, etc. have launched more than 10 times in the past year, the number of investments has decreased significantly compared to the previous year. This article sorts out the current situation of major Chinese-language VCs/VCs founded by Chinese people that have had few launches in the past year. (Note: The data in this article is based on publicly disclosed investments. It is not ruled out that there may be undisclosed internal operations or investments, which may differ from actual investment data.) Continue Captial, founded by Continue Captial Coin Circle OG Pima (Pima), has invested only 0 in the past year. The most recent investment was in March of last year, and participated in io.net's Series A financing. Pima is a senior investor in the cryptocurrency industry. He entered the digital currency field in 2013 and has invested in many well-known blockchain projects. Currently, both the two co-founders and Continue Captial are in a “lying flat” state, and neither the official blog nor Twitter are operating. The latest news about Continue Captial was in October of last year. Lin Xiahong, the co-founder of Continue Capital, is suspected of having stolen 35 million dollars. Lin Xiahong himself wrote on the X platform in response: “I accidentally revealed that I haven't left the ring; I passively made charity headlines.” LD CapitalLD Capital has made only 8 investments in the past year. The most recent investment was in September of last year, which is a significant reduction in the frequency of previous investments. LD Capital also has businesses such as secondary market investments and trading funds. Its funds include Beco Fund, FoF, hedge funds, and Meta Fund. In 2023, LD Capital also established Cycle Ventures, an early-stage investment fund focused on Infra, AI, and Dapps. In response to the VC dilemma, Lee Lihua, founder of LD Capital, said that the decline of Web3 investors was due to changes in hedging rules, low investment success rates, and “good projects, undervaluation, and large amounts” constituting a “triangular problem” that investors cannot balance. He also pointed out that in the end, many investors only get a quota of a few points, and may not only bear financial losses, but also face reputational risks. Bixin Ventures, founded by OG Starry Sky in the Chinese currency industry, has invested only 5 transactions in the past year. The most recent investment was in January of this year, compared to 202...

487d agoWendy#ABCDE #Animoca Brands #HashKey Capital #Lao Bai #Mask Network #NGC Ventures #Nomad Capital #OKX Ventures #SNZ Holding #VC #Waterdrip Capital #Du Jun #venture capital

Crypto VCs' circle of friends: Who is the best CP to invest in the project together?

Original title: Networks in Crypto VC Original Authors: @shloked_, @joel_john95原文编译: Shenchao TechFlow This is a brief version of the newsletter we posted on Decentralised.co. We looked at how crypto venture capital firms (VCs) chose to co-invest and the historical patterns of their investment strategies. As an asset class, venture capital follows extreme power laws. However, the exact extent of this situation hasn't been thoroughly studied, as we're always keeping up with the latest stories. Over the past few weeks, we've created an internal tool to track a network of all crypto venture capital firms. But why would you do that? The core logic is simple. As a founder, learn which VCs often co-invest to save you time and optimize your financing strategy. Every transaction is a fingerprint. As we visualize them on a chart, we can reveal the story behind them. In other words, we can track down the nodes responsible for most of the capital raising in the crypto sector. We're trying to find a port in the modern trade network, just like merchants a thousand years ago. We thought this was an interesting experiment for two reasons. 1. The venture capital network we operate is a bit like Fight Club. Although no one fights (for now), we don't talk about it very often either. This venture capital network includes around 80 funds. Across the crypto VC space, around 240 funds deployed over $500,000 in the seed phase. This means we directly reach out to a third of them, and almost two-thirds read our content. It's an impact I hadn't anticipated, but it is. However, it's often difficult to track who is actually deploying the funds where. Sending founder updates to every fund becomes noise. This tracker appeared as a filter tool to help us understand which funds have already deployed funds, in which areas, and with whom. 2. For founders, understanding where capital is deployed is just the first step. What's more valuable is understanding the performance of these funds and who they usually co-invest with. To this end, we calculated the historical probability that a fund's investment will receive subsequent investments, although this situation becomes blurred in later stages (such as round B), as companies usually issue tokens rather than raise traditional equity. Helping founders identify which investors are active in crypto VC is the first step. The next step is to understand which sources of capital are performing better. Once we have this data, we can explore which funds are co-investing to get the best results. This certainly isn't rocket science. No one can guarantee that someone will get a Series A round of financing just because someone writes a check. It's like no one can guarantee getting married after the first date. But it's definitely helpful to know the situation you're going to face, whether it's dating or venture capital. To build a successful architecture, we use some basic logic to identify funds that see the most subsequent rounds in their portfolios. If a fund sees multiple companies successfully finance after a seed round, it may be doing something right. The investment value of VCs will increase when the company is in the next round of financing at a higher valuation. Follow-up financing can therefore be a good measure of performance. We took the 20 funds with the most subsequent rounds in our portfolio and calculated the total number of companies they deployed during the seed phase. You can effectively calculate the probability that the founder will receive subsequent financing. If a company has 100 seed-stage checks, 30 of which received subsequent financing within 2 years, we calculate a 30% chance of getting promoted. The caveat here is that we're limiting the time to two years. Often, startups may choose not to finance at all, or to refinance after this period. Even among the top 20 funds, the power law is still quite extreme. For example, funding from A16z means you have a one-third chance of funding again within two years. In other words, out of every three startups supported by A16z, one will continue to carry out Series A financing. Considering that there is only a 1/16 chance at the end of this list, this is already a pretty high graduation rate. Venture funds that rank close to 20 in this list of the top 20 follow-up investment funds have only a 7% chance that their investment company will refinance. These numbers may seem similar, but judging from the background, the probability of one-third is like throwing a number less than three when rolling the dice, while the probability of 1/14 is roughly equivalent to the chance of having twins. These are very different...

498d agoWendy#Blockchain capital #DCG #Polychain #VC #partner #Fund #venture capital

Nomad Capital Managing Partner: The number of tokens in circulation announced by many projects is seriously inconsistent with reality and is misleading

Comparing news, Erick Zhang, managing partner of Nomad Capital, tweeted, “Unlocked volume is not equal to circulation volume. Many project parties claim the amount of tokens unlocked as circulation volume and misrepresent the market value in circulation, causing data platforms to display erroneous data, which is misleading for investors. Investors are advised to check the on-chain data themselves to derive the correct market value. Taking the BTCFi project Corn as an example, its actual circulation volume is only 3% at most, corresponding to a market capitalization of about 3 million US dollars, not 25% of the circulation shown on the project's website. Coingecko also simply showed 25% of the circulation volume reported by the project party, which erroneously showed a market value of 30 million dollars.”

509d ago

Fluent Labs closes $8 million funding round led by Polychain Capital

According to The Block, hybrid execution network developer Fluent Labs completed a $8 million financing round led by Polychain Capital, with Primitive, DAO5, Symbolic Capital, Builder Capital, Nomad Capital, Public Works, and angel investors Balaji and Dingaling participating. Fluent is the first hybrid execution network, an Ethereum L2, that mixes Wasm, EVM, and SVM applications into a unified execution environment. Hybrid execution allows programs written for different VMs to work together in a unified execution environment.

549d ago

Former Binance Executive Launches ICO Platform BuidlPad

Comparatively, Erick Zhang, Managing Partner of Nomad Capital, former head of Binance Research and head of Binance Launchpad, has launched a new initial coin offering (ICO) platform, BuidlPad. Erick Zhang said ICOs are a “powerful” way for founders to build an engaged, loyal community where everyone has a stake in the success of the project. According to reports, participating in BuidlPad requires users to complete Know Your Customer (KYC) checks, and residents of restricted regions, including the US and China, will be excluded from ICO sales through this platform.

625d agoWendy#BuidlPad #ICO #Binance